Today's Edition
Washington (dpa)
US auto giant Ford on Wednesday posted an operating quarterly loss of nearly $1.4 billion in its electric car business.
This was, however, a $180 million improvement over a year earlier. Ford chief executive officer Jim Farley hopes to turn things around with newly developed electric models. They should enter the market in the coming years, Farley told US broadcaster CNBC.
Thanks to strong sales of vehicles with combustion engines and commercial vehicles, Ford still managed a profit of $1.8 billion in the fourth quarter of 2024. A year earlier, it had posted a loss of around $500 million in the same quarter.
Ford shares fell by around 5% at times in after-hours US trading. The group forecast a decline in adjusted operating profit to between $7 billion and $8.5 billion for the current fiscal year, down from $10.2 billion in 2024. Analysts had expected more.
